First Merchants Corp Boosts Position in Avantis U.S. Small Cap Value ETF $AVUV

First Merchants Corp increased its stake in Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) by 22.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 137,353 shares of the company’s stock after acquiring an additional 25,038 shares during the quarter. First Merchants Corp’s holdings in Avantis U.S. Small Cap Value ETF were worth $12,513,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Evensky & Katz LLC increased its stake in Avantis U.S. Small Cap Value ETF by 20.8% in the 2nd quarter. Evensky & Katz LLC now owns 1,221,718 shares of the company’s stock worth $111,298,000 after buying an additional 210,566 shares during the period. USAdvisors Wealth Management LLC increased its stake in Avantis U.S. Small Cap Value ETF by 11.5% in the 2nd quarter. USAdvisors Wealth Management LLC now owns 93,609 shares of the company’s stock worth $8,527,000 after buying an additional 9,686 shares during the period. Quent Capital LLC purchased a new position in Avantis U.S. Small Cap Value ETF in the 2nd quarter worth about $19,214,000. Wallington Asset Management LLC increased its stake in Avantis U.S. Small Cap Value ETF by 1.2% in the 2nd quarter. Wallington Asset Management LLC now owns 153,834 shares of the company’s stock worth $14,014,000 after buying an additional 1,780 shares during the period. Finally, Creative Capital Management Investments LLC increased its stake in Avantis U.S. Small Cap Value ETF by 3.8% in the 2nd quarter. Creative Capital Management Investments LLC now owns 287,204 shares of the company’s stock worth $26,164,000 after buying an additional 10,579 shares during the period.

Avantis U.S. Small Cap Value ETF Price Performance

AVUV stock opened at $99.87 on Thursday. The company has a market capitalization of $18.69 billion, a PE ratio of 11.26 and a beta of 1.28. The firm’s 50-day moving average is $98.13 and its 200 day moving average is $91.56. Avantis U.S. Small Cap Value ETF has a 12 month low of $74.00 and a 12 month high of $107.64.

Avantis U.S. Small Cap Value ETF Profile

The Avantis U.S. Small Cap Value ETF (AVUV) is an exchange-traded fund that is based on the Russell 2000 Value index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVUV was launched on Sep 24, 2019 and is managed by American Century Investments.